US equities fluctuated on Monday as investors geared up for a slew of earnings reports later this week.

Markets in Asia were subdued in early Tuesday trade after a muted session on Wall Street and a mini-crash in Chinese stocks that some have deemed a “Black Monday” on the mainland.

HDFC Life to go ahead with IPO before merger with Max Life Insurance

HDFC Standard Life Insurance Co. Ltd’s board approved a proposal to sell as much as 20% of the insurer through an initial public offering (IPO) even as it reiterated its commitment to a potential merger with Max Life Insurance Ltd at a later date.

GST Council raises cess on cigarettes

The goods and services tax (GST) Council decided to increase the cess on cigarettes to offset a reduced tax revenue from the product following the 1 July rollout of the indirect tax reform.

Gujarat high court dismisses Essar Steel petition

The Gujarat high court on Monday dismissed Essar Steel’s petition that had challenged the Reserve Bank of India’s (RBI) directive to banks for initiating insolvency proceedings against the company.

Reliance Industries second company after TCS to cross Rs5 trillion in market cap

Reliance Industries Ltd on Monday became the second Indian company to cross Rs5 trillion market capitalisation after the nation’s biggest software major, Tata Consultancy Services Ltd (TCS).